Isaac Cohanzad Of Wiseman Residential Acquires 40-Unit Multifamily Property For $18.5M In Brentwood

605 South Barrington Avenue is a multifamily property located in Los Angeles. The property comprises 40 units and was sold for $18,500,000, resulting in a price per unit of $462,500. Its prime location offers below-market rents and is in close proximity to Brentwood Village and major employment hubs.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Units: 40
• Price Per Unit: $462,500
• Address: 605 South Barrington Avenue
• Market: Los Angeles
• Brokers: Elliot Hassan, Mike Hanassab & Steven Goldstein - NorthMarq

The transaction was brokered by NorthMarq’s Los Angeles team, which facilitated the sale of the longtime family-owned asset to Wiseman Residential. This acquisition highlights the value inherent in the property due to its strategic location.